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Re: Trump administration foreign policy & National Security

Oh No! The political world is stunned. ... One thing we know for certain is lawmakers know more about spending money than they do about making money! ... Trump is an expert at making money they aren’t ...

Re: Trump administration foreign policy & National Security

A Newsweek investigation has found that in at least two of Trump’s last three construction projects, Trump opted to purchase his steel and aluminum from Chinese manufacturers rather than United States corporations based in states like Pennsylvania, Ohio, Michigan and Wisconsin. In other instances, he abandoned steel altogether, instead choosing the far-less-expensive option of buying concrete from various companies, including some linked to the Luchese and Genovese crime families. Trump has never been accused of engaging in any wrongdoing for his business dealings with those companies, but it’s true that the Mafia has long controlled much of the concrete industry in New York.

Throughout his campaign, Trump has maintained that some controversial decisions for his companies amounted to nothing more than taking actions that were good for business, and were therefore reflections of his financial acumen. But, with the exception of one business that collapsed into multiple bankruptcies, Trump does not operate a public company; he has no fiduciary obligation to shareholders to obtain the highest returns he can. Throughout his campaign, Trump has maintained that some controversial decisions for his companies amounted to nothing more than taking actions that were good for business, and were therefore reflections of his financial acumen. But, with the exception of one business that collapsed into multiple bankruptcies, Trump does not operate a public company; he has no fiduciary obligation to shareholders to obtain the highest returns he can. His decisions to turn away from American producers were not driven by legal obligations to investors, but simply resulted in higher profits for himself and his family.

Hope Hicks, a spokeswoman for the Trump campaign, did not return an email seeking comment.

According to government documents, the Chinese entity chosen by Trump to provide steel for the Las Vegas property is a holding company called Ossen Innovation Co. Ltd.–formerly known as Ultra Glory International Ltd. That British Virgin Islands entity in turn owns a second holding company called Ossen Innovation Materials Group Ltd., which, through a complex legal arrangement, indirectly owns Ossen Innovation Materials Co. Ltd., and through it, Ossen (Jiujiang) Steel Wire & Cable Co. Ltd., the operating business located in Shanghai. With such layers upon layers of corporate shells and divisions, builders like Trump can purchase their steel from less-expensive Chinese suppliers without the ultimate supplier being readily apparent. That steel was then used in the construction of the Las Vegas property.

During the time of the Trump Chicago construction, according to documents filed with the United States Court of International Trade by the Department of Justice and the Department of Commerce, Permasteelisa was dumping aluminum used in curtain walls, meaning it was using predatory pricing to sell the products below the cost of production or the amount charged in China. The beneficiaries of trade dumping are users of the material, like Trump, who save significant sums of money on construction, thus increasing their profits. The losers are the American competitors like aluminum producers who cannot possibly compete with foreign companies that are willing to take losses on the sales of their building materials in hopes of driving companies in the United States out of business.

Re: Trump administration foreign policy & National Security

Well that was when he was in the money making business, smart thing to do. He’s not in the money making business now except he’s trying to make money for you. If you don’t want more money you’re among the craziest of the radical left. You&TT, Chucky, Nancy and many more...

Re: Trump administration foreign policy & National Security

Originally Posted by tucker

Well that was when he was in the money making business, smart thing to do. He’s not in the money making business now except he’s trying to make money for you. If you don’t want more money you’re among the craziest of the radical left. You&TT, Chucky, Nancy and many more...

world economy is much more complex than trump and you can fathom obviously. i have the patience and willing to wait to see how it plays out. here's a little thought from the stable genius.

“When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win,” Trump tweeted. “Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore-we win big(ly). It’s easy!”

Re: Trump administration foreign policy & National Security

Ya, but which country sells the USA the most steel for less money than US steel manufacturers? I would guess China. How come our trade deficit is so high with China? Answer we’re getting screwed by China. Which country manipulates there currency the most? China...

Re: Trump administration foreign policy & National Security

Steel and aluminum are both underwritten by foreign governments to keep those industries rolling. I don't know of another method to counteract that besides tariffs. The real question is not whether to apply tariffs, but whether we want to have steel and aluminum industries to thrive here in the states.

I had to laugh when the beer companies say a rise in the price of aluminum of 10% would kill their sales. Seriously?

Maybe I'm an elitist snob, but all of my beer comes in bottles, thank you very much.

Re: Trump administration foreign policy & National Security

Ya, but which country sells the USA the most steel for less money than US steel manufacturers? I would guess China. How come our trade deficit is so high with China? Answer we’re getting screwed by China. Which country manipulates there currency the most? China...

The U.S. already imports four times as much steel as it exports, and imports are on the rise again. While the U.S. imports steel from more than 100 countries, three-quarters come from just eight countries, according to the International Trade Organization.

The top supplier to the U.S. in 2017 was Canada, followed by Brazil, South Korea, Mexico and Russia. Other notables include Turkey, Japan and Taiwan.

China is just outside the list at No. 11 despite producing about half of the world’s steel. Barack Obama is the only recent president not to impose broad tariffs, but he did put significant restrictions on Chinese steel.

Stiffer foreign competition and more imports, to be sure, have contributed to the loss of American steel jobs. Just how much has been hotly debated for years, but research suggests it’s played a smaller role.

In any case, the penalties probably won’t achieve their intended affect. Tariffs imposed by prior presidents from both parties, including George W. Bush, Bill Clinton and Ronald Reagan, have done little to stem the tide.

The last major round of steel tariffs, imposed by Bush in 2002, did more harm than good to the U.S. economy, several studies later concluded.

Higher tariffs have encouraged other U.S. manufacturers to seek out cheaper substitute materials to avoid the higher cost of steel that often results.Or they’ve tried to pass the cost onto customers. And in the worst-case scenario they’ve had to reduce production or layoff workers to cope with higher steel prices.

Most American manufacturers oppose the new tariffs.

The Business Roundtable, a lobbying group for the largest American companies, said it strongly disagrees with decision “because it will hurt the U.S. economy and American companies, workers and consumers by raising prices and resulting in foreign retaliation against U.S. exporters.”

Re: Trump administration foreign policy & National Security

^^ well Clinton had no business background except unlawful. Georgey boy was a halfarse businessman. Didn’t he own part of the Texas Rangers? No he just organized a group of investors that bought the Texas Rangers. RR background actor and governor.

Trump is only billionaire businessman in the history of the White House one might pay attention to what says, don’t ya think.... The billionaires in the news business are few and far in between. Hardly experts...

Re: Trump administration foreign policy & National Security

Good idea. This is where Obama and then Secretary of Defense consulted TicToc when deciding to cancel the F-22 program at 187 aircraft. We ended up with a net of ~125 operational aircraft, should have the 600 originally planned for when the contract was for 750 total aircraft.

At the direction of then-Defense Secretary Robert Gates, Lockheed terminated F-22 production at its Marietta, Georgia, and Fort Worth, Texas, facilities after producing just 187 aircraft — far short of the original requirement for 749 jets. But in light of the growing perception that the US military is losing its technological edge to adversaries like Russia and China, Congress has expressed keen interest throughout this year’s budget season in restarting the line. The F-22 has also drawn attention recently from several high-profile deployments to Europe and the Middle East.

Re: Trump administration foreign policy & National Security

^^ There’s far to many armchair generals in the radical left demoratic party and MSM is totally discredited... I think they should stick to porn star mania that’s the perfect stormy for them... ...They don’t know how important air superiority is...